BL8: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BL8
Largest movements
- Tangible fixed assets -€83,787
down €83,787 (-3.6%), from €2.3m to €2.2m
of which Land and buildings: -€84,848
- Debts after one year -€118,162
down €118,162 (-6.0%), from €2.0m to €1.9m
- Depreciation -€162,932
down €162,932 (-65.8%), from €247,793 to €84,861
- Gross operating margin +€59,350
up €59,350 (+43.6%), from €136,147 to €195,496
- Financial charges -€4,361
down €4,361 (-4.8%), from €90,522 to €86,162
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,349,182 | €2,284,963 | -€64,219 | -2.7% |
| Fixed assets | 21/28 | €2,306,666 | €2,222,878 | -€83,787 | -3.6% |
| Tangible fixed assets | 22/27 | €2,306,666 | €2,222,878 | -€83,787 | -3.6% |
| Land and buildings | 22 | €2,306,666 | €2,221,818 | -€84,848 | -3.7% |
| Plant, machinery and equipment | 23 | - | €1,060 | +€1,060 | |
| Current assets | 29/58 | €42,517 | €62,085 | +€19,568 | +46.0% |
| Cash at bank and in hand | 54/58 | €42,517 | €47,274 | +€4,757 | +11.2% |
| Deferred charges and accrued income | 490/1 | - | €14,811 | +€14,811 | |
| Total equity and liabilities | 10/49 | €2,349,182 | €2,284,963 | -€64,219 | -2.7% |
| Equity | 10/15 | -€134,659 | -€117,647 | +€17,013 | +12.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€154,659 | -€137,647 | +€17,013 | +11.0% |
| Amounts payable | 17/49 | €2,483,842 | €2,402,610 | -€81,232 | -3.3% |
| Amounts payable after more than one year | 17 | €1,976,644 | €1,858,482 | -€118,162 | -6.0% |
| Financial debts | 170/4 | €1,976,644 | €1,858,482 | -€118,162 | -6.0% |
| Amounts payable within one year | 42/48 | €499,904 | €536,834 | +€36,930 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €100,706 | €104,162 | +€3,456 | +3.4% |
| Trade debts | 44 | €371 | €15,997 | +€15,626 | +4212.7% |
| Suppliers | 440/4 | €371 | €15,997 | +€15,626 | +4212.7% |
| Taxes, remuneration and social security | 45 | €67,657 | €88,860 | +€21,203 | +31.3% |
| Taxes | 450/3 | €25,314 | €13,207 | -€12,107 | -47.8% |
| Remuneration and social security | 454/9 | €42,343 | €75,653 | +€33,310 | +78.7% |
| Other amounts payable | 47/48 | €331,169 | €327,815 | -€3,354 | -1.0% |
| Accrued charges and deferred income | 492/3 | €7,293 | €7,293 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247,793 | €84,861 | -€162,932 | -65.8% |
| Other operating charges | 640/8 | €6,779 | €6,902 | +€123 | +1.8% |
| Gross operating margin | 9900 | €136,147 | €195,496 | +€59,350 | +43.6% |
| Operating profit (loss) | 9901 | -€118,425 | €103,734 | +€222,159 | |
| Financial charges | 65/66B | €90,522 | €86,162 | -€4,361 | -4.8% |
| Recurring financial charges | 65 | €90,522 | €86,162 | -€4,361 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€208,948 | €17,572 | +€226,520 | |
| Income taxes | 67/77 | - | €559 | +€559 | |
| Profit (loss) for the period | 9904 | -€208,948 | €17,013 | +€225,961 | |
| Profit (loss) for the period to be appropriated | 9905 | -€208,948 | €17,013 | +€225,961 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.